Apple supplier Foxconn will invest an undisclosed sum in India’s southern state of Telangana towards an electronics manufacturing facility in the south Indian state, the state’s chief minister said on Thursday.
The investment will create 100,000 jobs in the state, Telangana’s IT minister KT Rama Rao said. The announcement followed a meeting between Telangana’s chief minister and the chairman of Foxconn earlier in the day.
Taiwan-based Foxconn already has operations in Andhra Pradesh and Tamil Nadu, where it manufactures products for companies such as Apple Inc and Amazon.com Inc.
Source : Reuters
The Atlas tracks Europe's clean-tech transformation, showing how adoption, investment and industrial change are unfolding…
Future EU long-term care demand hinges more on health trajectories than ageing alone, making prevention…
Standard portfolio theory predicts strong investor responses to changes in the equity premium, but empirical…
Climate change and the transition to net zero are reshaping the macroeconomy, with important implications…
The role of non-bank financial intermediaries in the financial system has increased markedly over recent…
Pension funds have traditionally invested in global bond markets which offer predictable income and support…